Microeconomics for MBAs - Chapter 3 ppt

... stands for present value, r for the rater of interest, and f for future costs or benefits. The interest rate used in this formula is the rate at which we discount future costs and benefits. Chapter ... Economics, Vol. 23, No. 3 (August 1990), pp. 101 117. 9 William Davidow and Michael Malone, The Virtual Corporation, (New York: Harper Collins Publishers, 1992), p. 234 . Chap...

Ngày tải lên: 02/07/2014, 22:20

... papayas for a coconut; Harry would be better off if he could give up fewer than 4 papayas for a coconut. If, for example, they agree to trade at the exchange rate of 1 coconut for 3 papayas, ... newspapers in when they are out of town. Chapter 1. The Economic Way of Thinking 44 - for less money than the government charges for delivering a one-ounce letter across the st...

Ngày tải lên: 02/07/2014, 22:20

... Dollars, Monthly, October 1 938 -February 1999 Years $2.92 $6.12 $7.70 $6 .33 $5.15 $.25 $1.00 $1.60 $3. 35 Minimum Wage in Constant Dollars Minimum Wage in Current Dollars $5.25 Chapter 4 Government Controls: ... Incentives Are Affected 3 3 Price Controls Price controls are by no means a modern invention. The first recorded legal code, the four-thousand-year-old Code of Hamm...

Ngày tải lên: 02/07/2014, 22:20

... American Economic Review, vol. 75 (1985), pp. 33 2 -3 37 . 15 Ibid., pp. 33 5 -3 36 . 16 Ibid. p. 33 6. 17 Ibid., p. 33 2. 18 Ibid., p. 33 2. Chapter 12 Monopoly Power and Firm Pricing ... the price down for the high-end customers. There was no way for the lower-price consumers to buy the lower-price product and sell it to the high-end consumers since its...

Ngày tải lên: 02/07/2014, 22:20

... funds available as foreign exchange include foreign coin and currency, deposits in foreign banks, and other short-term, liquid financial claims payable in foreign currencies. Chapter 17 International ... dollar holdings of foreign banks. So will American expenditures abroad whether for tours or for foreign stocks and bonds. Americans must have francs for such transactions; there...

Ngày tải lên: 02/07/2014, 22:20

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Ngày tải lên: 02/07/2014, 04:20

... cross-pollination. As a rule cross-pollination makes seed that will produce a better plant than simple pollination would. Cross-pollination by hand is often used by plant-breeders when, for purposes ... this process are illustrated in Figs. 37 , 3 8 -3 9); (2) cover the flower thus treated with a paper bag to prevent stray pollen from getting on it (see Fig. 40); (3) when the ovary is s...

Ngày tải lên: 02/07/2014, 05:20